Articles Tagged with securities arbitration

Published on: | by

AEON Capital Inc. is a broker-dealer headquartered in Middletown, New Jersey. According to publicly available records filed with the SEC, the firm likely received sales compensation for selling the GPB funds to retail investors.

AEON Capital Inc. is a firm subject to FINRA Rule 3170. The Rule is referred to as the “Taping Rule,” which requires certain firms to install taping systems to record all telephone conversations between their registered persons and existing and potential customers, review those recordings and file reports with FINRA. The Rule is designed to prevent fraudulent and improper practices in the sale or marketing of financial products. The Rule applies to firms with a significant number of registered persons that previously worked for firms that have been expelled from the industry or have had their registrations revoked for inappropriate sales practices.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. GPB Capital sold unregistered, high commission limited partnership interests in eight alternative-asset investment funds. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

Continue reading

Published on: | by

Pariter Securities, LLC is a broker-dealer based in Guaynabo, Puerto Rico. In September 2019, the Commissioner of Financial Institutions of the Government of Puerto Rico (“OCFI”) found that the firm failed to put into place a supervisory system that was reasonably designed to achieve compliance with suitability rules and regulations regarding alternative investments transactions. 

According to publicly available records filed with the SEC, Pariter Securities, LLC likely received sales compensation for selling the GPB funds to retail investors. GPB Capital sold unregistered, high commission limited partnership interests in eight alternative-asset investment funds. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme.

Continue reading

Published on: | by

Cabot Lodge Securities LLC is a midsize independent broker-dealer headquartered in New York, NY. According to publicly available records filed with the SEC, the firm likely received sales compensation for selling the GPB funds to retail investors.

Cabot Lodge Securities LLC is under common control with Purshe Kaplan through holding company PKS Holdings, LLC. Read more about our firm’s investigation into Purshe Kaplan.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. GPB Capital sold unregistered, high commission limited partnership interests in eight alternative-asset investment funds.  The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

Continue reading

Published on: | by

Calton & Associates, Inc. is a Florida-based broker-dealer. According to publicly available records, the firm is facing a $500,000 customer complaint from an investor who suffered losses in his account. The investor’s account held positions in the GPB funds.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. GPB Capital sold unregistered, high commission limited partnership interests in eight alternative-asset investment funds. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors. Public records filed with the SEC show that Calton & Associates, Inc. likely received sales compensation for selling the GPB funds to retail investors.

If you lost money in GPB funds with Calton & Associates, Inc., you may have a claim.

Continue reading

Published on: | by

Capital Investment Group, Inc. is a broker-dealer headquartered in Raleigh, North Carolina. According to publicly available records filed with the SEC, the firm likely received sales compensation for selling the GPB funds to retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. GPB Capital sold unregistered, high commission limited partnership interests in eight alternative-asset investment funds. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with Capital Investment Group, Inc., you may have a claim.

Continue reading

Published on: | by

Geneos Wealth Management, Inc. is a Colorado-based broker-dealer. According to publicly available records, the firm is facing a $1 million customer complaint over a former broker’s recommendations to a client to invest in three GPB Capital funds: GPB Holdings II, GPB Automotive Portfolio, and GPB Waste Management.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors. Public records filed with the SEC show that Geneos Wealth Management, Inc. likely received sales compensation for selling the GPB funds to retail investors.

If you lost money in GPB funds with Geneos Wealth Management, Inc., you may have a claim.

Continue reading

Published on: | by

Crystal Bay Securities, Inc. is a defunct broker-dealer out of Delray Beach, Florida. FINRA cancelled the firm’s license in February 2019 for failure to pay arbitration fees.

In November 2020, an arbitration panel ordered Crystal Bay Securities, Inc. to pay $1.3 million in damages to a 91-year-old Claimant over her losses in three GPB funds: GPB Holdings II, GPB Automotive and GPB Waste Management. The broker involved in the customer dispute was Rafael Golan who was barred from the securities industry in May 2019.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors. Publicly available records filed with the SEC show that Crystal Bay Securities, Inc. likely received sales compensation for selling the GPB funds to retail investors.

Continue reading

Published on: | by

Emerson Equity LLC is a broker-dealer headquartered in San Mateo, California. According to publicly available records filed with the SEC, Emerson Equity LLC likely received sales compensation for selling the GPB funds to retail investors.

Firm broker Robert Scott is named in customer disputes involving GPB funds, including the GPB Automotive Portfolio, LP. He was previously registered with Concorde Investment Services, LLC between 2011 and 2020.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

Continue reading

Published on: | by

Arkadios Capital is a boutique broker-dealer headquartered in Atlanta, Georgia. The firm was formed in 2015. According to publicly available records filed with the SEC, Arkadios Capital likely received sales compensation for selling the GPB funds to retail investors.

Firm broker Mike Sievert is named in customer disputes involving GPB. He was previously registered with Triad Advisors between 2012 and 2018.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

Continue reading

Published on: | by

Avere Financial Group, LLC (n.k.a Parsonex Capital Markets, LLC) is a broker-dealer based in Colorado. According to publicly available records filed with the SEC, Avere Financial Group, LLC likely received sales compensation for selling the GPB funds to retail investors. In 2015, Parsonex acquired Avere Financial Group, LLC, a private placement broker-dealer, to increase its distribution of alternative investments.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with Avere Financial Group, LLC, you may have a claim.

Continue reading
Contact Information
1 World Trade Center, 85th Floor
New York, NY 10007
Toll Free: (855) 430-4010
Iorio Altamirano LLP represents clients throughout the nation, including, but not limited to, those in the following localities: Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Cincinnati, Cleveland, Dallas–Fort Worth, Denver, Detroit, Honolulu, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, Pittsburgh, Portland, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

ATTORNEY ADVERTISING
Prior results do not guarantee a similar outcome.
*We do not collect a fee unless we obtain a recovery via settlement or judgment. You may, however, be responsible for costs and expenses the firm has advanced according to the terms of your agreement with the firm. Advanced costs and expenses may be recovered by the firm by deducting the expense from the gross recovery of any settlement or judgment.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2024, Iorio Altamirano LLP
JUSTIA Law Firm Blog Design